| Metric | Current Period | Same Period Last Year | YoY |
|---|---|---|---|
| Revenue | ¥12.9B | ¥14.4B | -10.1% |
| Operating Income | ¥0.7B | ¥0.5B | +44.9% |
| Ordinary Income | ¥0.7B | ¥0.7B | -4.5% |
| Net Income | ¥0.7B | ¥0.9B | -27.0% |
| ROE | 5.0% | 7.0% | - |
Collabos Corporation’s 2026 FY Q3 results were Revenue of ¥12.9B (YoY -¥1.5B, -10.1%), Operating Income of ¥0.7B (YoY +¥0.2B, +44.9%), Ordinary Income of ¥0.7B (YoY -¥0.0B, -4.5%), and Net Income of ¥0.7B (YoY -¥0.2B, -27.0%). Despite improving Operating Income through SG&A expense control in a declining revenue environment, bottom-line profit decreased. The company holds Cash and deposits of ¥13.1B with a solid financial base, and interest-bearing debt remains at ¥0.6B. Full-year guidance calls for Revenue of ¥17.0B, Operating Income of ¥0.5B, and Net Income of ¥0.7B; the gap versus Q3 performance suggests potential effects from order timing and seasonality. No dividend as of Q3, but the full-year forecast assumes an annual dividend of ¥6.
[Profitability] ROE 5.0% (calculated as Net Profit Margin 5.1% × Total Asset Turnover 0.765 × Financial Leverage 1.27x), Operating Margin 5.6% (improved from the same period last year due to cost control), Net Profit Margin 5.1%. [Cash Quality] Cash and deposits of ¥13.1B account for 77.4% of total assets, covering current liabilities of ¥2.9B by 4.5x. Working capital is ¥12.0B with a high cash composition. [Investment Efficiency] Total Asset Turnover 0.765x. Accounts receivable ¥1.5B and inventories ¥0.0B indicate a cash-heavy working capital structure. [Financial Soundness] Equity Ratio 78.5% (improved from 74.2% last year), Current Ratio 520.0%, Debt-to-Equity Ratio 0.27x. Interest-bearing debt is ¥0.6B with Interest Coverage of 22.3x and a Debt-to-Capital ratio of 4.3%, indicating an extremely low debt level.
Cash and deposits increased by ¥1.1B from ¥12.0B in the same period last year to ¥13.1B, possibly supported by improved profitability from operating activities. Current liabilities decreased by ¥0.3B from ¥3.2B in the same period last year to ¥2.9B, confirming a reduction in short-term debt. Interest-bearing debt was flat YoY at ¥0.6B, and interest expense was ¥0.0B, keeping the interest burden minimal. Working capital rose by ¥0.3B to ¥12.0B from ¥11.7B in the same period last year, but the majority comprises cash and deposits, with limited expansion of trade receivables. Cash coverage of short-term liabilities is 4.5x, indicating ample liquidity and no concerns over short-term financing. While SG&A expense control improved operating profit and expanded financial flexibility, the Operating Cash Flow statement is undisclosed, necessitating confirmation of profit cash conversion.
With Ordinary Income at ¥0.7B and Operating Income at ¥0.7B, the net amount of non-operating income/expenses was ¥0.0B, implying near-balanced non-operating results. Interest expense was ¥0.0B, indicating an extremely small financial cost burden, and financial income such as dividend income is presumed limited. Against Net Income of ¥0.7B, Profit Before Tax was ¥1.0B, resulting in a tax burden of approximately ¥0.3B. Although comparative data between Operating Cash Flow and Net Income is undisclosed, the rising trend in cash and deposits suggests profits may be backed by cash. Operating improvement via SG&A control is a short-term cost reduction effect; for sustainable profit growth, revenue recovery is necessary, and if revenue declines persist, attention should be paid to the sustainability of earnings quality.
[Position within Industry] (Reference Information; In-house Research) Profitability: ROE 5.0% is below the industry median of 8.2% (IQR 3.5-13.3%) and sits in the bottom quartile. Operating Margin 5.6% is below the industry median of 8.0% (IQR 3.4-17.4%), leaving room for profitability improvement. Net Profit Margin 5.1% is roughly in line with the industry median of 5.6% (IQR 2.2-12.0%), a near-industry-average level. Soundness: Equity Ratio 78.5% is well above the industry median of 59.5% (IQR 43.7-72.8%), ranking in the top quartile. Current Ratio 520.0% far exceeds the industry median of 213% (IQR 156-358%), indicating exceptionally high liquidity within the industry. Efficiency: Total Asset Turnover 0.765x slightly exceeds the industry median of 0.68x (IQR 0.52-0.95), reflecting industry-average asset efficiency. Revenue growth rate -10.1% is well below the industry median of +10.5% (IQR -1.6-20.5%), indicating underperformance in growth within the industry. Overall Assessment: Financial soundness is among the best in the industry, but profitability and growth are below industry averages. Profit improvement and revenue recovery are keys to enhancing competitive positioning. (Industry: Information and Communications; Comparison set: 2025-Q3 industry data; Source: Our compilation; n=99 companies)
This report is an earnings analysis document automatically generated by AI based on XBRL earnings release data. It does not constitute a recommendation to invest in any specific security. Industry benchmarks are reference information compiled by our firm based on publicly available financial results data. Investment decisions are your own responsibility; please consult a professional as appropriate.